NexGen Chart of the Day: GWRE

I talk a lot about the breakout/pullback chart set-up, but it’s one of my favorite technical indicators for good reason! Guidewire Software’s (GWRE) recent action has created an ideal set-up that lowers investor risk while also opening up greater upside potential. After making a huge move on better-than-expected earnings and guidance, the insurance software company has since pulled back on declining volume but remains above what are now key support levels.

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